Monday, 25 June 2012

Take Aways From Lecture 01

In our very first class of Principles Of Management,we experienced a very simple but insightful game of tower building which involved putting one square block over the other and achieving the maximum height possible till the tower falls down.The game looked quite simple initially,but when our Professor asked just to use one hand,then it looked tricky.

The student was randomly chosen who had himself set the target of 10 blocks.Then our professor asked the class about the number of blocks with which the tower can be built. The students came up with varying responses for the number of blocks ranging from 10 till 30. The student performed the exercise and the height achieved was 17 blocks.

From this very interesting exercise,we learnt the following principles
1)The student who set a target of more than 17 blocks were termed to be "ambitious".This Ambitious goal set is subject to changes  based on the performance and goal setting by an individual.


2) Students who set their target lower than 17 blocks were ambitious, but not over ambitious. They set their goal according to the situation and that target was achieved. This is because the potential of an individual should increase after having performed the exercise which would lead him to set higher target for next time

Now after completing this exercise,it was made even more tricky by asking the student to place  the blocks this time by being blindfolded and with the aid of verbal instructions from a supporter

 He asked us what your targets will now be. It was observed that:
1)Some of the students lowered the target from the previously stated one .This is not preferred since the organization shouldn't lower their targets despite the hurdles which come across as this portrays a negative outlook.Also,this strategy does not work in the longer run for the growth of the company.

2) Some of the students retained the target. This is preferable as the organization continues to work towards the defined target despite the hurdle through motivation and team effort and effective co-ordination

3) Some increased the target. Ideally, organizations need to expand even during tough times when others are contracting and avoiding risks. A good example can be Apple , which during recession perceived as threat to many used as opportunity to expand their market share and generate more products like iPad.This lead to increased profits and increased market share.

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